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Find land should be recorded in the accounts of partnership

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Point 1: Orcajada invested in a partnership a parcel of land which cost his father P200,000. The land had a market value of P300,000 when Orcajada inherited it three years ago. Currently, the land is independently appraised at P500,000 even though Orcajada insisted that 'he wouldn't take P900,0000 for it."

Question 1: Find The land should be recorded in the accounts of the partnership at

Reference no: EM132523230

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